Use the following information to answer the next ten questions:
Excerpts from Stealth Company's December 31,2015 and 2014,financial statements are presented below:

-Stealth Company's 2015 inventory turnover is:
A)3.62 times.
B)3.96 times.
C)4.07 times.
D)6.03 times.

Question

Use the following information to answer the next ten questions:
Excerpts from Stealth Company's December 31,2015 and 2014,financial statements are presented below:
 
-Stealth Company's 2015 inventory turnover is:
A)3.62 times. 
B)3.96 times. 
C)4.07 times. 
D)6.03 times.

Quizplus · Accepted Answer

Stealth Company's 2015 inventory turnover is 3.62 times. This is calculated by dividing the cost of goods sold by the average inventory.

Use the Following Information to Answer the Next Ten Questions